Nigeria opens its largest oil refinery

[☑︎#VoteDemocrat]

Nigerian owned firm? Not no exxon bullshyt?

I'd be shocked if Dangote was getting played like this, but not surprised

 

[☑︎#VoteDemocrat]

Bloomberg - Are you a robot?

 

[Kano]

Hopefully it’s successful. I would like Nigeria to explore alternative energy sources like solar.

 

[7th Letter Specialist]

I want to be optimistic about this.

Yea. But isn't this the Chinese doin all this shyt tho?

 

[Premeditated]

Everyone is focused on energy since both African elites & non-Africans trying to tap into it. So, there’s going to be too much involved, especially with the level corruption prevalent in African countries.

With Agribusiness, there isn’t any competition involved & it’s largely untapped since most African countries import majority of what they consume. Easy way to make a killing financially.

You don’t really much network & it all depends what you’re trying to produce. There will always be a market for food/cash crops & livestock. The lands are also naturally fertile & weather is decent, so the overhead cost won’t be too dire.

I’m also looking into Agribusiness & I’ve been doing my research for like 2yrs now. Africa is moving rapidly (you need to check this forum SkyscraperCity Forum to see all the developments in Africa) in terms development & it will be cool to tap into it before “others”.

that's been my spot for more than a decade now

 

[WetinBeDat]

Yea. But isn't this the Chinese doin all this shyt tho?

Most of the financing he got was from African banks and the actual contractors ranged from Indians to Swiss. I think there was one Chinese company contracted to provide steel but they don't own it if that's what you're implying

 

[JT-Money]

 

[JT-Money]

US returns $50m in alleged stolen funds to Nigeria​

Diezani Alison-Madueke allegations: $53m being sent back to Nigeria from US

The money was recovered from Nigeria's former oil minister Diezani Alison-Madueke and others.

www.bbc.com

Close to $53m (£43m) in alleged illicit funds recovered from Nigeria's former oil minister Diezani Alison-Madueke among others will be used to fund public services, the country's justice ministry says.

The money is being sent back to Nigeria from the US, whose authorities allege that Alison-Madueke enriched herself, and others, while leading Nigeria's state oil firm by awarding contracts in exchange for bribes.

The US alleged that the money was then used to buy a 65m (213ft) superyacht called the Galactica Star plus multiple luxury properties in California and New York.

Alison-Madueke, 64, has always denied all allegations of wrongdoing.

Her alleged ill-gotten gains are also under scrutiny in the UK, where two years ago she was charged with bribery offences including gifts of Louis Vuitton luxury goods, payment of private school fees, and at least $127,000 in cash.

A key figure in the administration of former President Goodluck Jonathan, she also served as the first female president of the oil exporters group Opec.